Walmart (NYSE:WMT) Stock Price Up 0.5%

Walmart Inc. (NYSE:WMT) traded up 0.5% during trading on Thursday . The company traded as high as $69.07 and last traded at $68.97. 1,959,680 shares were traded during trading, a decline of 89% from the average session volume of 17,229,650 shares. The stock had previously closed at $68.64.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Truist Financial upped their price objective on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Robert W. Baird upped their price objective on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Barclays increased their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Jefferies Financial Group increased their target price on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Evercore ISI increased their target price on Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $71.60.

Walmart Price Performance

The business’s 50-day simple moving average is $68.07 and its 200-day simple moving average is $62.13. The stock has a market cap of $559.43 billion, a PE ratio of 29.52, a PEG ratio of 3.99 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, Director S Robson Walton sold 3,540,250 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the sale, the director now directly owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director S Robson Walton sold 3,540,250 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $64.55, for a total value of $228,523,137.50. Following the transaction, the director now directly owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,537,863 shares of company stock valued at $954,247,577. Insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several hedge funds and other institutional investors have recently modified their holdings of WMT. Coastline Trust Co raised its holdings in shares of Walmart by 2.9% in the fourth quarter. Coastline Trust Co now owns 6,325 shares of the retailer’s stock worth $997,000 after buying an additional 181 shares during the period. Beacon Financial Advisory LLC grew its stake in Walmart by 3.6% in the fourth quarter. Beacon Financial Advisory LLC now owns 2,039 shares of the retailer’s stock worth $321,000 after purchasing an additional 70 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in Walmart by 4.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 2,929 shares of the retailer’s stock worth $462,000 after purchasing an additional 122 shares in the last quarter. LVZ Inc. grew its stake in Walmart by 5.6% in the fourth quarter. LVZ Inc. now owns 2,630 shares of the retailer’s stock worth $415,000 after purchasing an additional 139 shares in the last quarter. Finally, Trust Point Inc. bought a new position in Walmart in the fourth quarter worth approximately $3,274,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.